Company · Coding
Vercel revenue, valuation & funding
Vercel was valued at $9.3B in its Series F in September 2025, and Forbes reported a $340M yearly run rate in February 2026. It's private with no ticker, and its CEO said in April 2026 that it's ready for an IPO, with no timeline.
At a glance
- Valuation: $9.3B at its Series F, in September 2025, co-led by Accel and GIC.
- Revenue: a $340M yearly run rate at the end of February 2026, per Forbes. Sacra estimates $600M in September 2026.
- Status: private. No stock ticker. Its CEO said in April 2026 it's ready for an IPO, with no timeline.
- Founded: 2015, by Guillermo Rauch, under the name ZEIT. Renamed Vercel in April 2020.
- CEO: Guillermo Rauch.
- Investors: Accel, GIC, GGV Capital, Bedrock Capital, GV, BlackRock and Tiger Global, among others.
- Products: the Next.js framework, the v0 AI app builder, the AI SDK and its cloud platform for deploying apps.
- Headquarters: San Francisco, California. Wikipedia lists 550 employees in 2025.
- On Real Alpha: 20 moments of its people talking, from 4 interviews.
Is Vercel public? Can you buy its stock?
No. Vercel is a private company, so its shares don't trade on any stock exchange and it has no ticker symbol. TechnologyChecker found no parent company or acquirer.
Guillermo Rauch said at the HumanX conference in April 2026 that Vercel is ready for an IPO and getting more ready every day (VKTR). He gave no timeline. No IPO filing has been reported.
Its shares are held by its founder, staff and investors. With its Series F in September 2025, Vercel launched a tender offer of about $300M for certain early investors, employees and former employees (Vercel). This page reports facts and gives no investment advice.
Valuation, round by round
Its valuation went from over $2.5B in November 2021 to $9.3B in September 2025, more than tripling.
| Date | Valued at | Raised | Led by | Source |
|---|---|---|---|---|
| Sep 2025 | $9.3B | $300M | Accel and GIC (co-led) | Vercel's blog |
| May 2024 | $3.25B | $250M | Accel | SiliconANGLE |
| Nov 2021 | $2.5B+ | $150M | GGV Capital | Vercel's blog |
| Jun 2021 | — | $102M | Bedrock Capital | TechCrunch |
The Series A and B rounds and the value at the Series C haven't been confirmed by a primary report. No round has been reported since September 2025.
Revenue
Vercel doesn't publish results. Forbes reported its run rate grew from $100M at the start of 2024 to $340M at the end of February 2026, and Sacra estimates $600M by September 2026.
| Date | Figure | Basis | Source |
|---|---|---|---|
| Sep 2026 | $600M | Estimate | Sacra |
| Feb 2026 | $340M | Reported | VKTR (citing Forbes) |
| May 2024 | $100M | Reported | SiliconANGLE |
A run rate is a month's revenue times twelve. It isn't a year's audited revenue, and Sacra's figure is an analyst's estimate.
How Vercel makes money
Vercel charges developers and companies to build and run apps on its platform. Its Hobby plan costs $0 a month, Pro costs $20 a month, and Enterprise plans are custom-priced (Vercel).
- Usage and seats. Sacra says Vercel bills for compute, bandwidth and storage on top of per-seat Pro and Enterprise plans. Sacra
- v0 plans. Sacra says Teams and Enterprise plans bring in more than 50% of v0 revenue. Sacra
- Margins. Sacra says v0 earns higher margins than the core infrastructure business. It also warns that heavy token use could pressure margins. Sacra
From Vercel's interviews
- 18:10 Agents are starting to buy services directlyGuillermo Rauch · Sourcery · Oct 2026
- 52:04 Open models now handle most token traffic on VercelGuillermo Rauch · Sourcery · Oct 2026
Products
- Next.js is the open-source React framework Vercel created. It was downloaded over 500 million times in the 12 months before September 2025. Vercel's blog
- v0 (2023). An AI tool that builds web apps from plain-language prompts. Sacra dates its general availability to 2024. Wikipedia
- AI SDK (2023). A software kit for building chat interfaces that stream their answers. Wikipedia
- Agent infrastructure. Vercel introduced a set of new products for its agentic infrastructure platform at its Ship conference in London on June 17, 2026. Business Wire
- Better Auth is an open-source TypeScript authentication framework. Vercel announced it was acquiring it on July 7, 2026. The New Stack
- NuxtLabs is the team behind Nuxt and Nitro. Sacra says Vercel acquired it. Sacra
- Shadcn is a UI component collection for React apps. Sacra says Vercel acquired it. Sacra
From Vercel's interviews
- 2:37:44 Agents build context through repeated tool callsGuillermo Rauch · TBPN · Aug 2025
- 59:17 Agent-facing products need APIs and CLIs, not just polished UIsGuillermo Rauch · Knuckle Up with Nakul · Aug 2026
- 24:13 Coding agents make personalized software viableGuillermo Rauch · Sourcery · Oct 2026
- 47:45 A public challenge helped test Vercel’s agent sandboxGuillermo Rauch · Sourcery · Oct 2026
Users and usage
Vercel's July 2026 press release says OpenAI, Ramp, Supreme and millions of developers use Vercel. Its homepage says Zapier serves over 100 million monthly website visits on Vercel.
Sacra estimates that more than 4M people had used v0 by February 2026. Its estimate for September 2025 was 3.5M.
On July 1, 2026 Vercel announced a multi-year partnership with the Mercedes-AMG PETRONAS Formula One Team (Business Wire). The deal includes plans to move the team's digital platforms to Vercel.
From Vercel's interviews
- 7:16 AI agents drove 1.5 billion deployments in ten monthsGuillermo Rauch · Sourcery · Oct 2026
Leadership
- Guillermo Rauch, founder and CEO. He started the company as ZEIT in 2015. Sacra
- Jeanne Grosser, COO. She leads go-to-market after a decade at Stripe as chief business officer and a decade at Google.
- Keith Messick and Talha Tariq, chief marketing officer and CTO of Security. Sacra says they were added to build out enterprise leadership. Sacra
- Mitchell Hashimoto, board member since March 2026. He co-founded HashiCorp and created Terraform. Business Wire
- Amit Agarwal, board member since August 2026. He is CEO of Standard Template Labs and a former Datadog president. Business Wire
From Vercel's interviews
- 2:02 Vercel scales founder ownership through product leadersGuillermo Rauch · Knuckle Up with Nakul · Aug 2026
- 1:08:15 Leaders must explain when their product vision has changedGuillermo Rauch · Sourcery · Oct 2026
- 16:31 Build an operating model to show what must be trueJeanne Grosser · Grit · Oct 2026
- 1:16:48 Vercel hires for the ability to direct many agentsGuillermo Rauch · Sourcery · Oct 2026
Who owns Vercel?
Its founder, staff and investors. As a private company it doesn't publish who holds what, and no stake sizes have been disclosed.
Sacra estimates that Vercel has raised about $863 million to date.
- Accel co-led the $300M Series F in September 2025 and led the Series E in May 2024. Vercel's blog
- GIC co-led the Series F as a new investor. Vercel's blog
- GGV Capital led the $150M Series D in November 2021. Vercel's blog
- Bedrock Capital led the $102M Series C in June 2021. TechCrunch
- BlackRock, StepStone, Khosla Ventures, Schroders, General Catalyst, GV, Salesforce Ventures and Tiger Global were among the investors in the Series F. Sacra
Competitors
Sacra names the large cloud providers and AI coding assistants as competition for Vercel and v0.
Timeline and latest news
From its founding to the latest reports, newest first.
- Sep 2026Latest
Sacra estimated its yearly run rate at $600M. Sacra - Aug 2026Latest
Appointed former Datadog president Amit Agarwal to its board. Business Wire - Jul 7, 2026Latest
Announced it was acquiring Better Auth, an open-source authentication framework. The New Stack - Jul 1, 2026
Announced a multi-year partnership with the Mercedes-AMG PETRONAS Formula One Team. Business Wire - Jun 17, 2026
Introduced new agent infrastructure products at its Ship conference in London. Business Wire - Apr 19, 2026
Disclosed a security breach traced to the third-party AI tool Context.ai. The Hacker News - Apr 2026
Guillermo Rauch said at HumanX that Vercel is ready for an IPO. VKTR - Mar 18, 2026
Appointed HashiCorp co-founder Mitchell Hashimoto to its board. Business Wire - Feb 2026
Its run rate reached $340M, according to Forbes. VKTR (citing Forbes) - Sep 30, 2025
Raised $300M at a $9.3B valuation, co-led by Accel and GIC. Vercel's blog - May 16, 2024
Raised $250M at a $3.25B valuation, led by Accel. SiliconANGLE - Nov 23, 2021
Raised $150M at a valuation above $2.5B, led by GGV Capital. Vercel's blog - Jun 23, 2021
Raised a $102M Series C led by Bedrock Capital. TechCrunch - Apr 2020
ZEIT was renamed Vercel. Wikipedia
Legal matters
On April 19, 2026 Vercel disclosed a security breach in which unauthorized actors accessed certain internal systems (The Hacker News). It traced the breach to the compromise of Context.ai, a third-party AI tool used by an employee. Vercel said it is working with Mandiant and law enforcement.
No lawsuit or regulator action against Vercel has been reported.
In their own words, and what followed
What people said about the business, with the minute they said it, and what was reported after.
Guillermo Rauch on TBPN · Aug 7, 2025
“what an agent is, it's a loop of tool calling that builds up context over time.”
2:37:44 Agents build context through repeated tool calls
Reported after
Sacra estimates more than 4M people had used v0 by February 2026, up from 3.5M in September 2025. Sacra
Guillermo Rauch on Knuckle Up with Nakul · Aug 25, 2026
“I work on the output to I work on the machine that produces the output.”
29:06 Engineering shifts from writing code to building the software factory
Reported after
Sacra estimates Vercel's run rate reached $600M in September 2026, up from $340M in February as reported by Forbes. Sacra
What others say about Vercel
Moments where people outside the company talk about it.
Alli Pope · MTS · Oct 29, 2026
“it's not historically traditional that marketing organizations are shipping PRs on a daily basis.”
13:13 AI automates routine marketing work, not creative judgment 3 min
Harrison Chase · 20VC · Oct 17, 2026
“a lot of why people use open router and Vercel and other gateways is largely for the model access.”
14:13 Useful model routing needs to understand the agent harness 6 min
Han Wang · MTS · Oct 16, 2026
“it's always deployed on Vercel.”
7:02 Agents automate code but still face business decisions 6 min
Sunil Rajaraman · MTS · Oct 22, 2026
“Vercel helps us with preview deployments.”
7:36 Local data gaps make AI answers about officials unreliable 2 min
Andrej Karpathy · Training Data · Apr 29, 2026
“it runs on Vercel”
Questions people ask
Is Vercel a public company? Can I buy Vercel stock?
No. Vercel is private and has no ticker, so its shares aren't sold on any exchange.
When will Vercel IPO?
Guillermo Rauch said in April 2026 that Vercel is ready for an IPO (VKTR). He gave no timeline, and no filing has been reported.
Who owns Vercel?
Its founder, staff and investors, including Accel, GIC, GGV Capital, Bedrock Capital, GV and Tiger Global. Stakes haven't been disclosed.
Who is the CEO of Vercel?
Guillermo Rauch, who founded the company in 2015. 2:02
Who founded Vercel?
Guillermo Rauch, in 2015, under the name ZEIT. It was renamed Vercel in April 2020.
How much is Vercel worth?
$9.3B at its Series F in September 2025 (Vercel). No later round has been reported.
How much revenue does Vercel make?
A $340M yearly run rate at the end of February 2026, per Forbes. Sacra estimates $600M in September 2026.
Is Vercel profitable?
It doesn't publish profit or loss figures. Sacra says v0 earns higher margins than its infrastructure business but that token costs could pressure margins.
How does Vercel make money?
From usage-based charges for compute, bandwidth and storage, plus paid plans. Pro costs $20 a month and Enterprise is custom-priced (Vercel). 18:10
How many people use Vercel?
Vercel says millions of developers use it, along with OpenAI, Ramp and Supreme. Sacra estimates more than 4M people had used v0 by February 2026. 7:16
Where is Vercel headquartered?
San Francisco, California.
Who are Vercel's competitors?
Sacra names AWS, Google Cloud and Microsoft Azure, plus AI coding assistants such as GitHub Copilot.
Every moment from Vercel's people
20 moments from 4 interviews on 4 shows, newest first. Each one plays from the minute it starts.
Sourcery · Oct 16, 2026 · 8 moments
Vercel CEO Guillermo Rauch on Building the Internet for Agents
- 52:04 Open models now handle most token traffic on Vercel 7 min
- 47:45 A public challenge helped test Vercel’s agent sandbox 5 min
- 7:16 AI agents drove 1.5 billion deployments in ten months 4 min
- 24:13 Coding agents make personalized software viable 8 min
- 11:32 Engineers should manage agents, not blindly ship their code 3 min
- 1:16:48 Vercel hires for the ability to direct many agents 6 min
- 18:10 Agents are starting to buy services directly 6 min
- 1:08:15 Leaders must explain when their product vision has changed 4 min
Grit · Oct 5, 2026 · 3 moments
How Vercel Is Rethinking Go-to-Market With AI | COO Jeanne Grosser
Knuckle Up with Nakul · Aug 25, 2026 · 8 moments
Inside Vercel's AI-era playbook: "Recursive Founder Mode" | Guillermo Rauch (CEO)
- 2:02 Vercel scales founder ownership through product leaders 5 min
- 10:08 Vercel tests candidates by asking them to build 4 min
- 35:40 Vercel gives employees one agent as a front door 7 min
- 29:06 Engineering shifts from writing code to building the software factory 3 min
- 51:32 Vercel replaces analytics ticket queues with an internal agent 3 min
- 48:29 Security review costs can vary sevenfold across models 3 min
- 23:34 Vercel encodes design taste into reusable components and agents 3 min
- 59:17 Agent-facing products need APIs and CLIs, not just polished UIs 4 min
TBPN · Aug 7, 2025 · 1 moment
OpenAI LIVE: Greg Brockman, Mark Chen & More
People on Real Alpha
- Guillermo Rauch, Founder & CEO, Vercel · 17 moments
- Jeanne Grosser, COO, Vercel · 3 moments
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How this page is sourced
Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it. Spotted something that's off? .
Last checked Nov 6, 2026